Razer is “exploring” a potential entry into cryptocurrency space

Global lifestyle and gaming company Razer is “carefully evaluating” a potential entry into the cryptocurrency space, according to a Business Times report.

Min-Liang Tan, CEO of the Hong Kong-listed company, said in a presentation this week that there is a nascent opportunity for Razer in the crypto space, given the broad reach of its Razer Fintech unit.

In one Twitter message, he said Razer users are interested in cryptocurrency, but the company is “concerned about the impact it has on graphics processing units (GPUs) and the environment.”

Twitter screenshot of Razer CEO Min-Liang Tan

However, he also mentioned that the cryptocurrency space is something Razer is currently exploring.

In a follow-up tweet, he said it was “unlikely” for Razer to issue its own cryptocurrency, but he would not rule out the company accepting one or more of the other currencies for its hardware and services.

Min-Liang also conducted a Twitter poll, asking his followers if they would be “for, against or undecided” if there was a cryptocurrency that does not use GPU mining and is environmentally friendly. ‘environment.

Twitter screenshot of Razer CEO Min-Liang Tan

It received a total of 1,967 votes, with 71.3 percent of the participants for the idea.

If Razer continues to expand in cryptocurrency, it will join the ranks of companies like DBS Bank, which recently launched a trusted solution for cryptocurrencies through the bank’s wholly owned trust company, DBS Trustee.

Featured Image Credit: Digital Trends


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